Proliferation Financing (PF) refers to the provision of funds or financial services for the development, acquisition, or transfer of weapons of mass destruction and related materials. PF non-compliance is not merely a paper risk—it is an existential risk for institutions and a potential career risk for individuals involved in the control chain.

For Banks in India, the RBI, PMLA, and international standards from the Financial Action Task Force require institutions to maintain strong controls to prevent the financial system from being misused for PF transactions, screening trades related to SCOMET-listed goods, dual-use items, and monitoring complex cross-border trade structures. India’s position as both a potential source country, given its technical capabilities, and a transit country makes awareness among branch, KYC, and trade finance teams particularly important.

This module also explains India’s export control framework, administered by Directorate General of Foreign Trade. Participants will learn to identify red flags and typologies, understand the responsibilities of branch and KYC teams, handle alerts and file STRs, and emerging risks, sanctions-related diversion. The training also highlights leverage technology for PF detection, and provides case studies, key takeaways, and practical action points for banks.

About the Trainer

Himanshu Vasa

Empaneled Trainer

Himanshu Vasa is Former President & Chief Compliance Officer (CCO) of Kotak Mahindra Bank with over 34 years of strategic and operational leadership in banking, financial services, and consulting. His expertise in corporate governance, regulatory compliance, enterprise risk management, and strategic transformation and ability to resolve regulatory and operational challenges has earned him the Certificate of Recognition of Excellence at the CFO 100 awards function for 7 consecutive years.